Maize bran, sharps and residues market in Western Asia

Earlier Report Observations

The market volume for maize bran, sharps and residues in Western Asia demonstrated a sustained upward trajectory from 2018 to 2022, growing from 795.7 thousand tons to a peak of 1 013.3 thousand tons. This expansion was primarily driven by a significant rise in imports, which more than doubled from 371.0 thousand tons to 572.8 thousand tons over the same period, while domestic production saw more modest increases.

A sharp market correction occurred in 2023, with volume contracting by 21% to 799.2 thousand tons, closely following a 37% drop in imports. In the broader global context, the international market for maize bran has seen steady consumption growth and shifting price dynamics, with import costs peaking in 2022 before moderating.

Production maize bran, sharps and residues in Western Asia

In kind, 2017-2020, K t

Top producers of maize bran, sharps and residues, 2017-2020

World map of production of maize bran, sharps and residues, 2017-2020

Maize bran, sharps, and residues production in Western Asia has increased for the second consecutive year. In 2020, production reached 437.8 K t, showing a slight uptick of 1.3% compared to the previous year. The lowest production level was recorded in 2018 at 429.6 K t, which also saw the largest decline of 0.6%.

Annual dynamics of production in Western Asia in kind, 2017-2020, K t

Exports maize bran, sharps and residues from Western Asia

Exports in kind, K t

The market experienced noticeable fluctuations during this period. Export volumes reached their minimum in 2018 at 4.8 K t and peaked in 2019 at 20.6 K t, representing a 4.2-fold increase. In 2020, Western Asia exported 9.7 K t of maize bran, sharps, and residues, reflecting a significant drop of 53.0% from 2019. The largest increase occurred in 2019, with growth of 324.3%.

Annual dynamics of product's exports from Western Asia in kind, 2017-2020, K t

From 2017 to 2020, the United States (42.4% of exports in kind), Egypt (1.3%), and Angola (0.9%) together accounted for 44.6% of total exports in kind, maintaining their position as the main destinations for maize bran, sharps, and residues from Western Asia.

Structure of product's exports in kind by countries, 2017-2020

World map of product's exports from Western Asia in kind, 2017-2020

Exports in value, K $ US

The market displayed volatility over the observed period. Export values hit their lowest point in 2017 and reached their peak in 2019, with a 3.1-fold difference between these years. In 2020, maize bran, sharps, and residues exports from Western Asia amounted to 1 717 K $ US, down by 57.5% year-over-year. The maximum value was recorded in 2019 at 4 036 K $ US, which also saw the largest increase of 134.3%.

Annual dynamics of product's exports from Western Asia in value, 2017-2020, K $ US

Between 2017 and 2020, the United States (46.1% of exports in value terms), Iran (5.3%), and Angola (1.1%) together accounted for 52.5% of total exports in value terms, continuing as the primary destinations for maize bran, sharps, and residues from Western Asia.

Structure of product's exports in value by countries, 2017-2020

World map of product's exports from Western Asia in value, 2017-2020

Imports maize bran, sharps and residues to Western Asia

Imports in kind, K t

Maize bran, sharps, and residues imports in Western Asia have increased for the second consecutive year. In 2020, imports reached 401.2 K t, marking a moderate gain of 5.8% compared to the previous year. Over the period from 2017 to 2020, imports decreased by 8%, equating to an annualized rate of 2.7%. The lowest import volume was recorded in 2018 at 371.0 K t, which also experienced the largest decline of 14.9%.

Annual dynamics of product's imports to Western Asia in kind, 2017-2020, K t

From 2017 to 2020, the United States (24.1% of imports in kind), Ukraine (22.5%), and Russia (16.3%) remained the leading sources in the import structure, with a combined share of 62.9% of total flows.

Structure of product's imports in kind by countries, 2017-2020

World map of product's imports to Western Asia in kind, 2017-2020

Imports in value, K $ US

Western Asia's maize bran, sharps, and residues imports have increased for the third consecutive year. In 2020, imports amounted to approximately 85 631 K $ US, showing a strong increase of 14.9% year-over-year. Over the period from 2017 to 2020, imports grew by 18.1%, with a compound annual growth rate (CAGR) of 5.7%.

Annual dynamics of product's imports to Western Asia in value, 2017-2020, K $ US

Throughout 2017 to 2020, the United States (28.9% of imports in value terms), Ukraine (22.6%), and Russia (16.9%) formed the key group of partners for imports in value terms, jointly representing 68.4% of total flows of maize bran, sharps, and residues to Western Asia.

Structure of product's imports in value by countries, 2017-2020

World map of product's imports to Western Asia in value, 2017-2020